Abstract. This study focuses on the issue of ageing population and the position of older employees at the labour market. We look into theoretical approaches towards the so called “positive ageing of population” and employability of older generations. In addition, we have conducted an empirical research, which allowed us map the employability of workers aged 50 and older in Slovakia. Consequently, we tried to determine the reasons why employers lack interest in employing older employees and how older employees themselves evaluate their position at the labour market today. Our findings suggest there is a discrimination against older workers, as well as inadequacy of state employment policy in the face of demographic changes and missing out on the work potential offered by older generations. The government could contribute to the solution of this problem through affirmative action, for example, by reducing the levy burden, which would deter employers from laying off older workers, who could thus continue sharing their knowledge stemming from profound work experience.